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Venture Global Acquiring Fleet of LNG Tankers to Transport Gulf Coast Volumes Overseas
LNG
Shell’s ‘Competitive Advantages’ Centering on LNG Trade, Lowering Emissions, Says CEO
At the right “price point,” global demand for natural gas will continue to expand, Shell plc CEO Wael Sawan said Monday. On the opening day of CERAWeek by S&P Global in Houston, Sawan told the industry audience that the transition to become a net-zero producer remains a goal by 2050. However, alternatives remain too expensive…
March 18, 2024LNG
Tellurian Considers Company Sale, Other Driftwood LNG Options as Strategic Shift Continues
As Tellurian Inc. continues to reorganize its management team, it’s expanding the purview of its financial consultant to include selling equity in its LNG export project, or the entire company. Houston-based Tellurian, which is developing the proposed Driftwood liquefied natural gas project in Louisiana, has undergone a series of major personnel and strategy changes since…
March 18, 2024LNG
More Work Expected at Freeport LNG After Train Inspections – The Offtake
Train 3 at Freeport LNG was in the process of restarting on Friday, according to a source with knowledge of the matter. An electrical motor that was damaged by severe cold in January has been repaired and is back online. Feed gas nominations were up slightly Friday. Following inspections, Freeport will now make upgrades requiring more work on Trains 1 and 2. An inspection on Train 2 is currently “progressing well,” the source said. Train 1 will be shut down for inspections and work once Train 2 is finished.
March 15, 2024Natural Gas Prices
Natural Gas Forwards Weighed Down by Soft Fundamentals
Against a backdrop of soft near-term fundamentals, exceptionally weak spot market pricing and plummeting Nymex futures, regional natural gas forwards came under widespread bearish pressure during the March 7-13 trading period, NGI’s Forward Look data show. For a market still threading the needle between near-term oversupply and anticipated future demand growth, selling was weighted toward…
March 15, 2024Trending News